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Germany: Deutsche Bahn wants $3B for cartel damages

By  |  November 30, 2014

Reports say Germany state-owned railway Deutsche Bahn has sued several airlines for more than $3 billion in damages on allegations of cartel behavior.

Air France, British Airways, Deutsche Lufthansa and Qantas Airways are among the 13 companies accused of forming a cartel to hike air freight costs. Deutsche Bahn’s allegations follow the guilty pleas submitted by more than 20 companies accused of colluding to raise fuel and securities surcharges between 2000 and 2006. The companies faced government crackdowns for the conspiracy within the US, EU, South Korea, Australian and others.

Deutsch Bahn has now filed two suits in the US and Germany to obtain damages from the airline cartel. Reports say the airlines have already settled for more than $1 billion in settlements from class actions cases stemming from the federal antitrust investigations.

Full content: Wall Street Journal

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